Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below.

Selected Balance Sheet Accounts
	Prior Year			Current Year
Accounts Receivable	$	17,100		$	11,500
Merchandise Inventory		23,000			25,300
Prepaid Rent		1,300			0
Accounts Payable		12,800			16,400
Salaries and Wages Payable		2,600			3,900

Income Statement
Sales Revenue	$	345,000
Expenses:
Cost of Goods Sold		204,000
Depreciation Expense		23,000
Salaries Expense		34,500
Rent Expense		13,800
Insurance Expense		13,800
Interest Expense		12,650
Utilities Expense		11,500
Net Income	$	31,750

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.)

FOUNTAINHEAD CORPORATIONCash Flows from Operating ActivitiesNet IncomeAdjustments to reconcile net income to net cash provided by operating activities:Changes in current assets and current liabilities:Accounts ReceivableInventoriesPrepaid RentAccounts PayableSalaries and Wages PayableNet cash provided by (used in) operating activities$0